Renault SA (RNO) Given a €65.00 Price Target at Morgan Stanley
Renault SA (EPA:RNO) has been given a €65.00 ($72.22) price objective by investment analysts at Morgan Stanley in a report issued on Wednesday. The brokerage currently has a a “sell” rating on the stock.
Several other research firms have also weighed in on RNO. BNP Paribas set a €78.00 ($86.67) target price on Renault SA and gave the company a “neutral” rating in a report on Tuesday, October 4th. Commerzbank AG set a €95.00 ($105.56) target price on Renault SA and gave the company a “neutral” rating in a report on Thursday, July 28th. JPMorgan Chase & Co. set a €83.00 ($92.22) price objective on Renault SA and gave the company a “neutral” rating in a research note on Friday, July 29th. Societe Generale set a €89.00 ($98.89) price objective on Renault SA and gave the company a “buy” rating in a research note on Friday, July 8th. Finally, Goldman Sachs Group Inc. set a €71.00 ($78.89) price objective on Renault SA and gave the company a “neutral” rating in a research note on Monday, June 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. Renault SA has an average rating of “Buy” and an average price target of €89.07 ($98.97).
Renault SA (EPA:RNO) opened at 76.47 on Wednesday. The company has a 50-day moving average of €73.26 and a 200 day moving average of €77.59. Renault SA has a one year low of €63.64 and a one year high of €98.14. The firm has a market cap of €20.84 billion and a P/E ratio of 7.13.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/renault-sa-rno-given-a-65-00-price-target-at-morgan-stanley.html
Renault SA Company Profile
Renault SA is a France-based company primarily engaged in the manufacture of automobiles and the provision of related services. The Company is structured into two segments: the Automobile division, which handles the design, manufacture and marketing of passenger cars and light commercial vehicles, under Renault, Renault Samsung Motors and Dacia brands, and the Sales Financing division, which provides financial and commercial services related to the Company’s sales activities, and is comprised of RCI Banque and its subsidiaries.
Receive News & Ratings for Renault SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renault SA and related companies with MarketBeat.com's FREE daily email newsletter.